Amenda Markets

Pure-DMA Trading Environment to Maximize Client Profits
Amenda exhausted all the requirements for FX traders to win their trades and polished the 100% agency model to introduce Pure-DMA. The trading environment you’ve always wanted is right here.

 

Amenda Pursues Quality Service from Every Angle
Trading costs significantly minimized, and client funds are protected from a wide range of risks.

Reasons Why You Can Trade on Low Cost:

Ultra-Tight Spreads

At Amenda, we provide superior interbank rates from multiple liquidity providers, and there are absolutely no price manipulations.

  • Negative spreads available
  • EURUSD average: 0.1 pips
  • 100% market spreads (no markups)
  • We top our competition with some of the world’s best spreads.
 Low Trading Fees

At Amenda, we offer a highly transparent and competitive fee structure in order to meet the standards of the trading environment for professional traders.

  • 0.0035% (USD 3.50 / USD 100,000)
  • Enhanced preferential fee plans available for active traders
 Deep Liquidity

This is an important factor for orders over 5 lots as it may affect the average price. Deeper liquidity produces tighter spreads.

  • 20+ Tier 1 Banks
  • Multiple main ECNs and MTFs
  • Multiple non-banks
  • Deep liquidity secured during market events

Trusted Forex Broker { Honesty / Availability / Safety }

 Conflict of Interest Eliminated

At Amenda, we do not partake in market-making to avoid interfering with client interests. We offer a trading environment that maximizes client profits.

  • 100% Agency Model (STP/DMA/ECN/NDD)
  • Solid contract execution
  • Best price execution model
  • No restrictions on orders
  • No EA use restrictions
 High System Availability

At Amenda, we utilize advanced technology and provide redundancy on every level so that our clients can enjoy stable and uninterrupted trading under any circumstances.

  • Redundancy for ISPs
  • Redundancy for hardware
  • Redundancy for network equipment
  • Redundancy for data centers
  • Redundancy for client support
License and Fund protection scheme

At Amenda, we protect our investors and their funds in every way and are subject to monitoring by a third party organization. Amenda places priority on safety first.

  • Licensed by FCMC
  • Management in line with the strict regulations of MiFID
  • Completely segregated accounts
  • External auditing by trusted auditors
  • Up to EUR 20,000 guaranteed by law

The Safety of Client Funds is the Top Priority in Financial Services

We at Amenda believe that the most important element in providing financial services is safety and that the value of a service’s high level of convenience comes to life when the safety of client funds can be confirmed.

Amenda is equipped with an organizational structure, in which trusted external bodies provide protection of client funds on various levels. Traders can feel safe trading under Amenda’s robust framework of fund protection, which our competitors do not offer.

Secure Business Model

Amenda adopts a 100% agency model; therefore, Amenda’s finances are in no way affected by the profits or losses generated by client trades.

By adopting a 100% agency model Amenda also provides legal guarantee to a certain extent. This is because Amenda’s license issued by the FCMC (Fianancial and Capital Market Commission), which conducts financial supervision, authorizes Amenda to operate only on an agency model.

Whether Amenda is operating within the boundaries of its license is not only subject to the FCMC’s supervision, but it is also monitored by a law firm, a supervisory committee, an internal auditor, and an external auditing firm.

Market Maker (MM) brokers generally take a loss when client trades generate profits. This is because the revenue model adopted by MM brokers is dependent on the profits and losses of client funds.

For example, when a client holds a buy (sell) position, the MM broker will hold a sell (buy) position. In other words, Market Maker brokers take a loss when profits are generated from client transactions, while they profit when their clients take a loss. The financial condition of MM brokers can deteriorate quickly when clients unilaterally generate profits from a rapid change in the market.

Amenda is a broker that uses a 100% agency model (STP/DMA/ECN/NDD), and since all client orders are relayed to the cover destination, Amenda would never hold a position opposite to that of the client. Furthermore, Amenda’s finances are never exacerbated by profits generated from client transactions in the event of rapid change in the market.

Segregated Client Margins

Amenda segregates funds in compliance with the strict regulations of the Republic of Latvia as well as the legislative acts of the EU. Amenda has entered into agreement with financial institutions indicating that client funds deposited into the account for accepting client margins belong to clients in accordance with the financial regulation of Latvia. As a result, in the unlikely event that Amenda incurs financial liability over the course of its operation, client margins are not affected in any way (client margins are legally protected).

Moreover, the margins deposited and withdrawn as well as account balances are constantly monitored by a financial administrator.

The financial administrator is also obligated to report the margins and financial status of Amenda on a monthly basis to the FCMC (Financial and Capital Market Commission), which monitors financial activities. At least once a year, an external auditor inspects whether the measures taken by Amenda are sufficient to ensure that client margins are legally protected and submits to the FCMC a report in writing regarding the inspection.

As such, client margins are managed under a carefully structured framework.

Investor Compensation Scheme (ICS)

Although it would be in the rare instance that Amenda may require it, considering the two aforementioned factors (business model and segregation of funds), clients are also protected by the Investor Compensation Scheme (ICS) for up to EUR 20,000 of their margins by Latvian law. In accordance with the Investor Protection Law and Investor Compensation Schemes Directive (Directive 97/9/EC), compensation at 90% of the irrevocably lost value of financial instruments or of losses incurred by the non- performance of investment services is guaranteed for an investor, but not more than EUR 20,000 for each client. Further information is available on the official web page of the FCMC.

Brokerage Info:
Legal Name: Amenda Markets
Operational Since: 2016
Domiciled Country: Latvia
Headquarters City: Riga
International Offices: n/a
Regulation: FCA, FCMC, BaFin, ACP, CONSOB, AFM, CNMV, FIN, FI
Monthly Volume In USD: Undisclosed
Number Of Liquidity Providers: 20+
Managed Account Services: Yes
Markets/Instraments: Forex
Parent/Subsidiary/Affiliations: Independant Broker

Account Parameters:
Broker Type: NDD/DMA/ECN/STP Forex Broker
Account Types: Standard/ECN
MAM/PAMM Accounts: No
Min. Deposit: $50/$500
Minimum lot size: 0.01 lot
Max Leverage: Up to 1:80
Spread type: Variable No markup / No price manipulation
Execution Type: Market
Payment options: Credit Card, Bank Wire, Skrill, Neteller, Mega Transfer, Fasapay, Trasuv
Withdrawal options: Same as funding source
Accept US clients: No

Trading Features:
Currency Pairs Total: 16
Trading platforms: MT4, Mobile
Commission Fees: USD 3.50 / USD 100,000 round turn
News Trading: Yes
Mirror/Social Trading: No
Scalping: Yes
Hedging: Yes
Expert Advisors: Yes
Swap Free: Ask
API support: Ask
OCO Orders: Ask

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